Fixed Costs

question 40

Multiple Choice

Fixed costs

• A) do not exist in the long run.
• B) depend on a firm's level of output.
• C) are zero if a firm produces no output.
• D) are total costs minus average variable costs.

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Definitions:

Dangerous

Capable of causing harm or injury; presenting a risk or threat.

Secret Service Agent

A federal law enforcement officer working for the U.S. Secret Service, responsible for protecting national leaders and investigating financial crimes.

Psychologically Abnormal

Behaviors, thoughts, or emotions that deviate significantly from the norms of society or cause distress and impairment in functioning.

Functional

Capable of operating or functioning in the intended or expected way.